TeliaSonera AB fired Chief Financial Officer Per-Arne Blomquist and three other senior executives as the fallout from an ethics investigation into the Swedish phone company’s business practices in former Soviet countries widened.
Alstom SA, the French builder of trains and power plants, has mandated Goldman Sachs Group Inc. to explore a sale of its air preheaters and gas-gas heaters unit, according to people familiar with the matter.
German bonds declined, snapping an advance that pushed 10-year yields to the lowest in almost two weeks, as a report showed investor confidence in Europe’s largest economy increased to a four-year high this month.
German stocks declined, snapping a three-day rally, as SAP AG and K+S AG dropped, outweighing a survey that signaled investor confidence in Europe’s largest economy may have increased to a four-year high.
Stocks in Switzerland slipped, with the benchmark Swiss Market Index falling from its highest level in almost six months, as Adecco SA and Cie. Financiere Richemont SA slid, offsetting gains in Sonova Holdings AG.
Fuchs Petrolub SE, the world’s largest independent lubricant maker, won market share in Asia and Europe as demand growth compensated for lower euro revenue because of weaker emerging-market currencies.